Announcement PDF ASX ANNOUNCEMENT Wilfred Drilling Delivers Significant New Mineralisation ~1.25 km from Maiden High-Grade Gold Discovery Northern drilling returns 13 m at 2.67 g/t Au and 60 m at 0.85 g/t Au, supporting potential for a substantial gold system at Bondoukou Gold Ridge Highlights: • Significant gold mineralisation intersected on the northernmost Wilfred section, approximately 1.25 km from the original high-grade discovery, reinforcing the potential scale of the gold-bearing system at Bondoukou Gold Ridge: o BDRC010C returning 13 m at 2.67 g/t Au from 87 m;  including 6 m at 4.19 g/t Au from 87 m; o BDRC010C returning 1 m at 3.87 g/t Au from 164 m and 1 m at 16.20 g/t Au from 187 m; o BDRC011B returning 16 m at 1.00 g/t Au from 88 m (including 10 m at 1.32 g/t Au) and 60 m at 0.85 g/t Au from 148 m;  including 7 m at 1.02 g/t Au from 148 m;  11 m at 1.62 g/t Au from 168 m; and  10 m at 1.27 g/t Au from 196 m. • Maiden Wilfred drilling identifies gold mineralisation across widely separated sections, with additional gold-bearing intervals in the central and southern drilling, including: o BDRC003 returning 5 m at 0.50 g/t Au from 40 m; o BDRC004 returning 11 m at 0.68 g/t Au from 24 m,  including 4 m at 1.35 g/t Au from 31 m; o BDRC004 returning 3 m at 1.01 g/t Au from 54 m; o BDRC005 returning 3 m at 1.26 g/t Au from 59 m, 2 m at 1.63 g/t Au from 101 m and 3 m at 0.78 g/t Au from 162 m. • Wide-spaced drilling highlights the scale of the Wilfred target, with drill fences generally spaced approximately 300 m apart along strike, increasing to approximately 500 m towards the north-west. This broad initial drill spacing underscores the early-stage nature of exploration and the opportunity for systematic infill and step-out drilling to test the continuity of gold mineralisation. • The new results build on the previously reported high-grade Wilfred discovery (refer Reference 6): o BDRC002 returned 18 m at 7.31 g/t Au from 63 m and a second zone of 16 m at 1.46 g/t Au from 113 m. o BDRC001 returned 23 m at 2.14 g/t Au from surface. • Maiden drilling at Bondoukou Gold Ridge, the first ever drilled on the project, has returned significant gold intercepts in eight of the twelve holes reported to date (67%). 9 November 2026 2 dalaroometals.com.au | ASX: DAL • Expanded five-holediamond drilling programme of approximately 1,750 mexpected to commence within seven days, targeting depth and strike extensions of the original high-grade discovery and advancing the geological understanding needed for potential resource definition. o Temporary core yard and site office nearing completion. • Preparations for a 35.1 line-km IP survey are under way, providing a further opportunity to target prospective sulphide-bearing structures across Wilfred, Mag and Ali. Dalaroo Metals Limited (ASX: DAL, OTCQB: DALMF) (“Dalaroo” or “the Company”) is pleased to report further significant gold intersections from its maiden reverse circulation (RC) drilling programme at the Wilfred target, part of the Bondoukou Gold Ridge Project in north-eastern Côte d’Ivoire. Importantly, the northernmost drill section, approximately 1.25 km from the original BDRC001–BDRC002 high-grade discovery section, returned 13 m at 2.67 g/t Au from 87 m in BDRC010C, including 6 m at 4.19 g/t Au, and a broad 60 m at 0.85 g/t Au from 148 m in BDRC011B. Together with the previously reported 18 m at 7.31 g/t Au and 23 m at 2.14 g/t Au at the discovery section, these results demonstrate meaningful gold grades and widths at two widely separated locations. Similar alteration, quartz–sulphide veining and prospective host rocks at the two sections support the Company’s working model of a potentially substantial structurally controlled gold system. Mineralisation between sections has not been demonstrated to be continuous. An expanded diamond drilling programme of approximately 1,750 m is expected to commence within seven days, alongside preparations for a major IP survey. For further information about Dalaroo, please click here. Table 1. Significant intercepts, BDRC001 to BDRC011B Hole ID From (m) To (m) Interval (m) Au (g/t) Gram metres BDRC001 0 23 23 2.14 49.3 BDRC002 63 81 18 7.31 131.6 incl. 69 81 12 8.66 103.9 113 129 16 1.46 23.3 BDRC003 40 45 5 0.50 2.5 BDRC004 24 35 11 0.68 7.4 incl. 31 35 4 1.35 5.4 54 57 3 1.01 3.0 121 123 2 0.78 1.6 177 180 3 0.57 1.7 BDRC005 59 62 3 1.26 3.8 101 103 2 1.63 3.3 162 165 3 0.78 2.3 BDRC010C 87 100 13 2.67 34.8 incl. 87 93 6 4.19 25.1 164 165 1 3.87 3.9 187 188 1 16.20 16.2 BDRC011A 55 72 17 0.47 8.0 BDRC011B 88 104 16 1.00 16.0 incl. 88 98 10 1.32 13.2 120 125 5 0.89 4.5 3 dalaroometals.com.au | ASX: DAL Hole ID From (m) To (m) Interval (m) Au (g/t) Gram metres 148 208 60 0.85 51.1 incl. 148 155 7 1.02 7.2 incl. 168 179 11 1.62 17.8 incl. 196 206 10 1.27 12.7 Intervals are downhole lengths; true widths are not known. BDRC006, BDRC008 and BDRC009 returned no significant intercepts and are not shown. BDRC007 returned 4 m at 0.35 g/t Au from 26 m and 3 m at 0.37 g/t Au from 93 m. BDRC001 and BDRC002 were previously reported (refer Reference 6). BDRC010A (174 m) and BDRC010B (96 m) were abandoned because ofcasing failure and redrilled as BDRC010C; they have not yet been logged or assayed and will be sampled at a later date. Management Commentary Dalaroo’s Chief Executive Officer, John Morgan, commented: “These latest results represent an important advancement for Dalaroo at Bondoukou. Following our original high- grade Wilfred discovery of 18 metres at 7.31 grams per tonne gold, we have now intersected significant additional gold mineralisation approximately 1.25 kilometres away, including 13 metres at 2.67 grams per tonne and a broad 60-metre interval at 0.85 grams per tonne. “What is particularly encouraging is the occurrence of significant gold mineralisation at widely separated locations, together with comparable alteration and geological characteristics. While continuity between the two areas is yet to be tested, these results strengthen our confidence in the potential for a substantial gold system at Bondoukou, with considerable exploration upside remaining across the broader seven-kilometre gold- anomalous corridor. “We are now preparing to commence an expanded 1,750-metre diamond drilling programme targeting the original high-grade discovery at depth and along strike. Our focus is on establishing the geometry, grade distribution and continuity of mineralisation, with the objective of advancing successful areas towards potential resource definition. With further assays pending and additional high-priority targets yet to be tested, we look forward to a highly active period of exploration.” Wilfred Results Assays have now been received for twelve holes from the maiden RC drilling programme at Wilfred (BDRC001 to BDRC009, BDRC010C, BDRC011A and BDRC011B). The results demonstrate significant gold mineralisation at the original discovery section and at the northernmost section approximately 1.25 km away (Figure 4). Central and southern drilling returned additional narrower and lower-grade intersections, while some holes were not significantly mineralised. Accordingly, the current drilling supports the potential for multiple mineralised zones along the Wilfred trend, rather than establishing continuous economic-grade mineralisation across the full drilled extent. Drill sections are generally spaced approximately 300 m apart along strike, increasing to approximately 500 m towards the north-west (Figure 1). This broad initial spacing reflects the early stage of exploration and provides scope for systematic infill and step-out drilling to test the continuity of gold mineralisation between sections. Northern section (BDRC010C and BDRC011B): BDRC010C, drilled towards 045°, returned 13 m at 2.67 g/t Au from 87 m, including 6 m at 4.19 g/t Au from 87 m, within a silicified quartz vein zone and the underlying veined basalt. Deeper in the hole, BDRC010C also returned 1 m at 3.87 g/t Au from 164 m and 1 m at 16.20 g/t Au from 187 m. BDRC011B was drilled from the opposite direction (towards 225°) as a scissor hole to BDRC010C to help constrain the orientation of the mineralisation. It returned 16 m at 1.00 g/t Au from 88 m, including 10 m at 1.32 g/t Au, in sheared basalt and a broad zone of 60 m at 0.85 g/t Au from 148 m, including 7 m at 1.02 g/t Au from 148 m, 11 m at 1.62 g/t Au from 168 m and 10 m at 1.27 g/t Au from 196 m. BDRC011A, which was abandoned at 114 m due to ground conditions and casing issues before reaching the deeper target, returned 17 m at 0.47 g/t Au from 55 m. 4 dalaroometals.com.au | ASX: DAL Central and southern sections: BDRC004 returned 11 m at 0.68 g/t Au from 24 m, including 4 m at 1.35 g/t Au from 31 m, and 3 m at 1.01 g/t Au from 54 m. BDRC005 returned three separate zones of 3 m at 1.26 g/t Au from 59 m, 2 m at 1.63 g/t Au from 101 m and 3 m at 0.78 g/t Au from 162 m. BDRC003 returned 5 m at 0.50 g/t Au from 40 m, and BDRC007 returned lower-grade intercepts of 4 m at 0.35 g/t Au from 26 m and 3 m at 0.37 g/t Au from 93 m. BDRC006, BDRC008 and BDRC009 returned no significant intercepts. A particularly encouraging outcome of the maiden programme is the recurrence of gold mineralisation in several geological settings, including quartz reefs and quartz–sulphide veining in strongly silicified volcaniclastic rocks and sulphide-bearing, silica-altered mafic units. These associations occur at widely separated sections and support the Company’s working model of a structurally controlled gold system with several prospective structural and lithological targets. Further drilling will test whether the higher-grade zones can be traced along strike and at depth. All intervals are downhole lengths. The geometry and true width of the mineralisation are not yet known. Figure 1. Gold Ridge growth runway: soil-gold anomaly on satellite imagery with drilled, pending and planned holes (top), and NW–SE long section looking NE showing significant RC intercepts (bottom; same horizontal scale, 4× vertical exaggeration). 5 dalaroometals.com.au | ASX: DAL Broad Gold Mineralisation Intersected at Northern Wilfred BDRC010C and BDRC011B were drilled as a scissor pair on Wilfred’s northernmost section. BDRC010C (492550E, 896847N) was drilled towards 045° at −60° to 232 m. BDRC011B (492611E, 896900N), approximately 80 m to the north-east, was drilled towards 225° at −60° to 210 m, redrilling BDRC011A (abandoned at 114 m due to ground conditions and casing issues) approximately 9 m to the south-west. BDRC010C: Below approximately 62 m of laterite and strongly oxidised material, the hole intersected foliated volcaniclastic rocks with quartz veining. The main zone of 13 m at 2.67 g/t Au from 87 m (including 6 m at 4.19 g/t Au) lies within pervasively silicified quartz vein and volcaniclastic rock with quartz–sulphide veining and up to 0.8% pyrite, continuing into potassic-altered basalt with about 1% pyrite from 96 m to 100 m. The highest individual assay is 10.6 g/t Au from 91 m to 92 m. Deeper, isolated one-metre results of 3.87 g/t Au from 164 m and 16.20 g/t Au from 187 m came from chlorite-altered volcaniclastic rocks with 0.2–0.3% disseminated pyrite, the latter within a logged feldspar-bearing interval (183–190 m). BDRC011B: From 82 m to 130 m, the hole intersected foliated, hematite-altered basalt with quartz–sulphide veining and about 0.5% pyrite, hosting 10 m at 1.32 g/t Au from 88 m (peak 5.15 g/t Au from 96 m) and 5 m at 0.89 g/t Au from 120 m. From 130 m to the end of hole at 210 m, silicified volcaniclastic rocks with interbedded basalt, quartz–sulphide veining and about 1% pyrite (massive and veined from 190 m to 205 m) host the broad 60 m at 0.85 g/t Au from 148 m. The upper 80 m was not logged or sampled. Interpretation: The upper gold-bearing intervals in the opposing scissor holes occur at similar approximate vertical depths near the projected hole intersection and may represent the same zone, an encouraging basis for targeted follow-up drilling. The deeper intersections provide additional targets; in particular, the 60 m at 0.85 g/t Au interval in BDRC011B, containing higher-grade zones of 11 m at 1.62 g/t Au and 10 m at 1.27 g/t Au, suggests a broad gold-bearing envelope rather than a single narrow vein. The orientation, true width, continuity and economic significance of these zones are not yet known. Figure 2. Section B–B′ (045°/225°) through BDRC009, BDRC010C and scissor holes BDRC011A and BDRC011B, showing logged lithology, weathering and downhole gold intercepts. Downhole widths; true widths not known. 6 dalaroometals.com.au | ASX: DAL Ali and Mag Drilling Update Drilling at the Ali target commenced on 24 October 2026. As at 5 November 2026, five RC holes (BDRC015, BDRC016A, BDRC016B, BDRC017A and BDRC017B) had been completed for 832 m, and a sixth hole, BDRC018, was in progress. The holes were drilled at −60° towards 045° or 225°, oriented to cross the interpreted NW–SE trend of the Gold Ridge corridor. BDRC017A was abandoned at 132 m because of excessive hole deviation and was redrilled as BDRC017B to its planned depth of 150 m. Assay results for the Ali holes are pending and will be reported once received and reviewed. Dalaroo is preparing to drill the Mag target, the northern priority area at the Bondoukou Gold Ridge Project, where systematic soil sampling has outlined a gold anomaly over approximately 1.5 km. Mag contains the strongest soil results reported at Gold Ridge, including the project peak of 23.26 g/t Au, with several other samples returning more than 1 g/t Au. These results sit within a broader, approximately 7 km gold-anomalous corridor defined across Mag, Wilfred and Ali (refer Reference 5). The Mag programme will test whether this strong surface gold signature is reflected in the underlying bedrock. Drilling at Wilfred has already returned significant gold intersections, providing valuable geological information to guide the Company’s continuing work across the wider Gold Ridge corridor. The move to Mag takes Dalaroo’s systematic exploration approach to another high-priority target with a particularly strong geochemical footprint. Figure 3. Mag target: soil Au anomalies (peak 23,264 ppb Au) and the planned Phase 1 RC holes PHD013–PHD018. Geology Model The Bondoukou Gold Ridge Project lies within Paleoproterozoic Birimian volcano-sedimentary rocks of north- eastern Côte d’Ivoire, which host Eburnean orogenic gold deposits across West Africa. Field mapping shows a NW–SE foliation trend (about 143°) dipping both NE and SW, consistent with folding. The working interpretation 7 dalaroometals.com.au | ASX: DAL (Figure 5) is an upright synform in interlayered metavolcanic and metasedimentary rocks, passing NE into an antiform and a further NE-dipping limb. The mafic (basalt) unit is interpreted to close around the synform at depth, crop out on both limbs and reappear on the NE limb beyond the eroded antiform crest. Felsic intrusives are interpreted to parallel bedding along unit contacts. The fold geometry, hinge positions, stratigraphic facing and plunge are unconfirmed and will be tested by oriented core, logging and further drilling. Folding may have caused layer-parallel shearing along contacts between rocks of contrasting competency, including the mafic unit. These limb-parallel shears (NE-dipping on the SW limb, SW-dipping on the NE limb) could channel gold-bearing fluids. Quartz veining may also develop in and above fold hinges, while steep veins and shears parallel to the axial plane may cut both limbs. The conceptual Lodes 1–3 at BDRC002 (interpreted strike135°,dip approximately 84° SW) may reflect such a steep orientation.Mineralised structures may therefore have several orientations, all yet to be tested by drilling. The iron-rich mafic unit is a prospective reactive host: where sulphur-bearing fluids enter it along structures, sulphidation may form pyrite and contribute to gold deposition. This could explain the observed association of gold with disseminated sulphides and quartz veining in altered mafic rocks, and suggests mineralisation may be best developed near fluid pathways. Mineralogical and geological work is needed to confirm this. The working model highlights targets including limb-parallel structures near mafic contacts, possible fold-hinge zones and repeated prospective contacts on the interpreted NE limb, potentially hosting multiple discrete mineralised zones. Oriented diamond core will test this model and guide follow-up drill orientations. Figure 4. Gold Ridge geology and structure plan (central corridor), showing RC drill holes BDRC001 to BDRC018, downhole gold intervals of 0.5 g/t Au or more projected to surface, and interpreted mineralisation trends. 8 dalaroometals.com.au | ASX: DAL Figure 5. Working conceptual cross section showing interpreted mineralisation settings and possible lode orientations within the Gold Ridge fold. Schematic only, not to scale; fold geometry, layering, structural mechanisms and lode positions are interpretive and remain to be tested. Observed Mineralisation Settings Drilling to date shows gold in three main settings. Of the 91 one-metre samples assaying 1 g/t Au or more, 49 are in volcaniclastic rocks, 23 in laterite, saprolite and unclassified weathered material, 11 in basalt, 6 in logged quartz vein and 2 in felsic volcanic rock. 1. Quartz–sulphide veining in silicified volcaniclastics. This is the most common fresh-rock setting identified to date and is hosted by foliated or sheared volcaniclastic rocks with quartz–sulphide veins, strong silicification and about 0.5–1% pyrite. BDRC002 is the best example (Figure 6): 18 m at 7.31 g/t Au from 63 m, including 12 m at 8.66 g/t Au, and 16 m at 1.46 g/t Au from 113 m. The deeper BDRC011B zone (60 m at 0.85 g/t Au from 148 m) has a similar logged setting (Figure 7). 2. Quartz vein zones. Discrete milky to smoky quartz veins have silicified margins and up to 0.8% pyrite. Logged quartz veins have the highest proportion of samples above 1 g/t Au of any logged rock type, from a limited number 9 dalaroometals.com.au | ASX: DAL of samples. In BDRC010C, the quartz vein zone at 78–96 m and the underlying veined basalt to 100 m returned 13 m at 2.67 g/t Au from 87 m. 3. Sheared basalt with quartz–sulphide veins. Mafic-hosted gold is associated with sheared or veined basalt, silica, hematite or potassic alteration and 0.2–1% pyrite. BDRC011B returned 10 m at 1.32 g/t Au from 88 m in basalt. This association is compatible with the working sulphidation model, under which reaction between sulphur-bearing fluid and iron-rich basalt may form pyrite and contribute to gold deposition. Basalt has fewer samples above 1 g/t Au than the volcaniclastics to date, and further work is required to test the interpretation. Across the fresh-rock settings, gold mineralisation is associated with quartz–sulphide veining, silicification and foliation or shear fabrics. Their recurrence across rock types and widely separated drill sections is consistent with a structurally controlled orogenic gold system, with potential for both higher-grade zones and broader mineralised envelopes. The conceptual fold section (Figure 5) illustrates several possible lode orientations; the continuity and economic significance of individual zones remain to be demonstrated. Figure 6. Quartz and alteration zone seen in hole BDRC002. 0.01 g/t 0.04 g/t 0.07 g/t 3.21 g/t 5.61 g/t 3.2 g/t 3.05 g/t 5.3 g/t 7.33 g/t 8.05 g/t 10.9 g/t 8.06 g/t 6.7 g/t 13.1 g/t 6.46 g/t 8.96 g/t 1.72 g/t 5.65 g/t 15.9 g/t 6.37 g/t 12 g/t 0.13 g/t 0.15 g/t 0.02 g/t 0.1 g/t 0.04 g/t 0.03 g/t 0.02 g/t 0.03 g/t 0.02 g/t 0.11 g/t 0.08 g/t 0.11 g/t 0.15 g/t 0.11 g/t 0.14 g/t 0.36 g/t 0.22 g/t 0.73 g/t 1.1 g/t 1.5 g/t 0.3 g/t 1.06 g/t 0.87 g/t 1.61 g/t 0.21 g/t 0.27 g/t 0.1 g/t 0.13 g/t 0.03 g/t 0.13 g/t 0.65 g/t 0.67 g/t 0.3 g/t 0.21 g/t 0.2 g/t 0.84 g/t 3.71 g/t 1.46 g/t 1.62 g/t 1.49 g/t 0.85 g/t 0.58 g/t 0.97 g/t 0.81 g/t 0.98 g/t 2.3 g/t 3.05 g/t 0.35 g/t 0.22 g/t 10 dalaroometals.com.au | ASX: DAL Figure 7. Disseminated and veined sulphides in silicified volcaniclastic rocks with interbedded basalt, BDRC011B (140–210 m). Diamond Drilling to Test Scale and Continuity of High-Grade Wilfred Discovery The Easy Drill diamond rig is mobilising for the next phase of systematic exploration around the original high- grade BDRC001–BDRC002 discovery, with drilling expected to commence within seven days. The programme is an important step towards testing whether the outstanding initial grades extend along strike and at depth. A temporary core yard and site office are being completed, and the first three drill pads are ready (Figure 8). The expanded five-hole, approximately 1,750 m diamond programme is designed to test depth and strike extensions of the high-grade zone intersected in BDRC002 (refer Reference 6). Increased from approximately 1,250 m previously announced (refer Reference 7), the programme now plans all five holes to approximately 350 m. Thefirstholewill test beneath the18 mat 7.31 g/t Audiscovery intersection; two holeson each of twosections approximately 80 m north-west and south-east will investigate whether mineralisation continues along strike (Figure 9). Drilling two holes on each section is designed to provide multiple pierce points through the mineralised zone and the first information on its orientation, true width and continuity, which are not yet known. Hole positions, orientations and depths may be adjusted as drilling progresses. This initial diamond programme focuses on the original discovery section and is not designed to test continuity across the 1.25 km to thenorthern section, where follow-up drilling is planned separately (refer Planned follow-up drilling for BDRC010C and BDRC011B). Figure 8. Diamond drill pad set up ready for follow-up drilling of BDRC002. 0.71 g/t 0.23 g/t 0.98 g/t 0.32 g/t 0.21 g/t 0.48 g/t 0.71 g/t 0.45 g/t 0.8 g/t 0.58 g/t 0.37 g/t 0.44 g/t 0.18 g/t 0.89 g/t 0.79 g/t 1.83 g/t 1.4 g/t 1.65 g/t 1.5 g/t NS 0.75 g/t 0.29 g/t 1.35 g/t 1.35 g/t 1.85 g/t 0.76 g/t 0.27 g/t 0.34 g/t 0.26 g/t 0.25 g/t 11 dalaroometals.com.au | ASX: DAL Figure 9. Vertical long section through the BDRC002 collar (looking NE, true scale), showing the BDRC001 and BDRC002 intercepts and proposed step-out holes 80 m NW and 80 m SE of BDRC002. Two holes are planned on each step-out section, plus a follow-up hole from the BDRC002 collar, all at −60° to 350 m. Downhole widths; true widths not known. Planned follow-up drilling for BDRC010C and BDRC011B The northern BDRC010C–BDRC011B section has emerged as a second important follow-up target following intersections of 13 m at 2.67 g/t Au and 60 m at 0.85 g/t Au approximately 1.25 km from the original discovery. The broadly comparable geological associations at both locations are encouraging for the Company’s large- system exploration model. The upper northern intervals may represent a common mineralised zone, while deeper mineralisation provides further targets. Additional drilling is required to establish geometry, true widths and continuity. Follow-up drilling on this section will aim to confirm the orientation and true width of the upper zone, test the deeper mineralisation down-dip, and step out approximately 80 m to the north-west and south-east along strike, using the same staged approach planned around BDRC002 (refer to the ‘Rationale for follow-up drilling’ section below). Where structural information is needed, holes are expected to be drilled with the diamond rig to provide oriented core. Results from the sections between the discovery section and this northern section (BDRC003 to BDRC008), together with the planned IP survey, will be used to prioritise further drilling along the trend. Hole positions, numbers and timing have not yet been finalised and will be confirmed once these results have been integrated into the geological model. Indicative hole positions are shown in Figure 10. 12 dalaroometals.com.au | ASX: DAL Figure 10. Plan and vertical long section through the BDRC011B collar (looking NE), showing BDRC009, BDRC010C, BDRC011A and BDRC011B and proposed holes P6 to P10, including step-outs 80 m NW and SE of BDRC010C. Downhole widths; true widths not known. Rationale for follow-up drilling Follow-up drilling at Gold Ridge is designed to systematically test the scale and continuity of the gold-bearing zones identified to date, with a particular emphasis on progressing successful areas towards potential future Mineral Resourcedefinition. TheCompany will useresults from each stage to refine the structural model, identify higher-grade shoots and prioritise the most prospective extensions. Step-out drilling will be undertaken on sections spaced 80 m apart along strike, to the north-west and south-east of the mineralised holes. Where a step-out hole intersects mineralisation, the next hole will be drilled a further 80 m along strike. This will be repeated until mineralisation is no longer intersected, which defines the limits of known mineralisation along strike. Holes collared further back on the same sections will test the mineralisation down-dip. This approach aims to maximise initial coverage while allowing results to guide subsequent hole placement (Figure 11). Once the strike extent is known, Dalaroo will return and infill the step-out sections at 40 m spacing. This drilling aims to build an early understanding of the continuity, geometry and grade of the mineralisation, to assess whether the data may be sufficient to support a future Mineral Resource estimate. 13 dalaroometals.com.au | ASX: DAL When the40 minfill is complete,drill spacing will be reduced to 20 m.Thecloser spacing will improve confidence in the continuity of grade and geology between holes, which may be required to support higher-confidence classification in any future Mineral Resource estimate. At each stage,results willbe reviewed before the next holes aredesigned. Hole positions, depths and the number of step-outs will depend on what the drilling finds. Any resource classification will depend on the data and on assessment by a Competent Person. Figure 11. Long projection (looking NE) showing the staged follow-up drilling strategy around BDRC002: 80 m step-outs along strike, followed by infill to 40 m and 20 m centres. Hole positions are indicative. Update on IP survey Preparations for the induced polarisation (IP) survey at Gold Ridge are under way, with line cutting in progress. The survey is expected to start within the next two weeks. The planned survey comprises 15 dipole-dipole IP and resistivity lines (IP01 to IP15) for approximately 35.1 line- km over the Mag, Wilfred and Ali targets (Figure 12). The lines are oriented at 047° across the NW–SE trend of the mineralised corridor and are spaced approximately 430 m apart. The survey will use 10 m electrode spacing on an 800 m spread, rolled along each line, with an indicative depth of investigation of about 150 m. Four Priority 1 lines (IP06 to IP09), totalling 7.9 line-km, cross the Wilfred drilling. These lines will allow the IP response to be compared with the mineralisation intersected in drilling, which will help interpret the remaining lines. The Priority 2 lines step out along the corridor to the north-west and south-east. Data will be processed into resistivity and chargeability sections. At Wilfred, gold mineralisation is associated with disseminated pyrite and quartz–sulphide veining (see the ‘Observed Mineralisation Settings’section above). Chargeable zones identified by the survey may therefore help 14 dalaroometals.com.au | ASX: DAL to map sulphide-bearing rocks along strike and at depth beyond the current drilling. However, chargeability responses are not unique to gold mineralisation and may reflect barren sulphides, clays or other geological sources. The IP results will be calibrated against drilling and used together with geological and ground magnetic data to prioritise targets for follow-up drilling. Line positions may be refined before surveying. Figure 12. Proposed dipole-dipole IP and resistivity survey lines (IP01 to IP15) over the Mag, Wilfred and Ali targets, showing Priority 1 lines crossing the Wilfred drilling (IP06 to IP09), Priority 2 step-out lines, the proposed geophysics block, RC drill hole traces and planned holes. Background magnetic image. Line positions are indicative and may be refined. 15 dalaroometals.com.au | ASX: DAL Figure 13. Plan of the approximately 7 km gold-in-soil corridor showing the Mag, Wilfred and Ali targets, soil gold contours (ppb) on satellite imagery, RC drill holes (assayed, assays pending and drilling), planned holes, artisanal workings and section lines (A–A′ to D–D′ and L–L′). Collars from handheld GPS; hole traces are projected to surface. Grid WGS84 / UTM Zone 30N. Next Steps • Commence the expanded five-hole, approximately 1,750 m diamond drilling programme around BDRC001–BDRC002, testing the original high-grade discovery at depth and approximately 80 m along strike on either side. • Start the IP survey over the Mag, Wilfred and Ali targets within the next two weeks, beginning with the four Priority 1 lines (IP06 to IP09) across the Wilfred drilling. • Report assay results for RC holes BDRC012 to BDRC018 at the Wilfred and Ali targets, subject to laboratory turnaround and QA/QC review. 16 dalaroometals.com.au | ASX: DAL • Finalise follow-up drilling at the northern BDRC010C–BDRC011B section, including tests of the broad and higher-grade mineralised intervals and approximately 80 m step-outs to the north-west and south- east. • Integrate RC assays, oriented diamond core and IP survey results into a refined three-dimensional structural model to identify high-priority gold targets along the broader Wilfred trend. • Progress successful zones through staged 80 m step-outs and subsequent 40 m and 20 m infill drilling where warranted, with an emphasis on defining mineralisation suitable for potential future Mineral